Michael Dunne @dunne_insights Twitter profile

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Michael Dunne

@dunne_insights

24 days

China 97%. Incredible. “The share of European consumers who said their next vehicle will be all-electric has not changed over the past 3 years at 43%. Chinese buyers answering the same question positively, meanwhile, rose to 97 percent”

No, the EV isn’t dead — just briefly comatose

Despite gloomy stories about the collapse in sales of electric vehicles, what’s really happening on the markets is more of a pause than a retreat.

www.politico.eu

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Michael Dunne

@dunne_insights

19 days

When it comes to electric vehicle and plug-in markets, China is not just bigger than the next guy... ...China is bigger than everyone else on the planet combined. There's more: China will continue to be the runaway leader in production and supply of EVs to global markets for

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Michael Dunne

@dunne_insights

26 days

Global automakers getting absolutely hammered in China. Sales are tumbling. Profits have swung to losses in the hundreds of millions of $$$. Hurting most: Ford GM VW Nissan Hyundai Kia VW, once the all powerful market leader, is reeling, tracking to lose $500

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Michael Dunne

@dunne_insights

2 months

Disaster is not too strong a word to describe GM's results in China. China Sales - Q2 2024 Chevy down 80% Cadillac down 48% Buick down 40% GM China Sales History 2017: 4.1 million (peak) 2024: 1.4 milion (f)

Kathrin Shen@AutoUpdate

@AutoUpdate14

2 months

GM Q2 sales slump in China: #Buick down 40%； #Chevrolet down 79.8%； #Cadillac down 47.7%

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Michael Dunne

@dunne_insights

1 year

Hermosa Beach. Two door coupe. Tesla-like handles. What do we have ladies and gents?

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Michael Dunne

@dunne_insights

4 months

BYD will introduce the Shark pickup truck in Mexico tomorrow. Yes - Pickup truck Yes - Mexico Yes - Tomorrow. A plug in hybrid electric with 100 km of electric only range. Toyota's Hilux is the target.

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Michael Dunne

@dunne_insights

5 months

$29,900 for the just-launched SU7 from Xiaomi is off the charts incredible pricing. 50,000 orders on Day 1.

Greg Kable

@GregKable

5 months

China Inc is disrupting the global electric vehicle industry similarly to the way it disrupted the smartphone industry, introducing new products with reputable technology, high specs, slick styling and luxury features at half the price of the competition Xiaomi SU7: $US29,900

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Michael Dunne

@dunne_insights

21 days

China Is Done With Global Automakers: "Thanks For Coming" The visiting team is still on the field, running around as fast as it can, trying to forge a comeback. For decades, they thought they were playing on a familiar field. But time is up, the game is over. China - the home

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Michael Dunne

@dunne_insights

4 months

GM lost $107 million in China in Q1 2024. First time a quarterly loss since 1998? The beginning of the end is here.

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Michael Dunne

@dunne_insights

6 months

BYD attacking best selling gasoline cars with this new 4 character advertisement. “Electric cheaper than gasoline” Prices now starting at $11,100. Company says new pricing is sending ICE makers like VW and Nissan “into a panic”

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Michael Dunne

@dunne_insights

1 month

Doors are closing. Third straight months of declines. China EV exports fell 13.2% in June amid rising trade tensions via @NikkeiAsia

China EV exports fell 13.2% in June amid rising trade tensions

Domestic electric shift raises fresh concerns over glut of conventional cars

asia.nikkei.com

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Michael Dunne

@dunne_insights

1 month

Stunning number of Chinese car brands. Among the EV players, only BYD and Li Auto are profitable today. In a market economy, most of these would have disappeared by now. But China's system of state capitalism encourages more players. People have been talking about

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Michael Dunne

@dunne_insights

13 days

Think of China's 100+ automakers as a set of 6 competing kingdoms. 1. Big 6 State Enterprise Kingdoms SAIC • BAIC • FAW GAC • Changan • Dongfeng 2. Big 3 Private Company Kingdoms BYD • Geely • Great Wall 3. Young 50+ EV/SDV Startup Kingdoms NIO • Li Auto • Xpeng

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Michael Dunne

@dunne_insights

1 year

You may have seen me mention service as the Chinese automakers Achilles heel as they go global. Real time case: BYD in Thailand. Customer got in accident. Repairs cost more than the value of the car. Insurance company hesitating. BYD silent, Thais not impressed.

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Michael Dunne

@dunne_insights

1 year

Harsh new realities for global 車 brands in China: Jeep has retreated from its JV. Game over. Ford treading water, losing money Korean brands off 40% since 2018 GM off 50% from peak Japanese brands down 33% in Q1 BYD new sales leader, 1st time in 40 yrs VW not No. 1

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Michael Dunne

@dunne_insights

3 years

Definitely enjoyed test driving the ⁦NIO⁩ EC6 with Ganesh Iyer, Global CIO, at NIO’s US headquarters in San Jose yesterday. NIO is entering key European markets in 2022 including Sweden, Netherlands and Germany.

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Michael Dunne

@dunne_insights

2 years

Test driving the NIO EC6 this week in San Jose. Looking forward to the arrival of the just launched ET7 which NIO says is designed to compete with the BMW 7 series.

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Michael Dunne

@dunne_insights

2 months

No end of a lesson for global brands in China May 2024 Sales Cadillac -48% Buick -41% Honda -35% Hyundai -31% Toyota -16% Audi -15% VW -14% ...and a singular bright spot Tesla + 30%

LisaDuAutoUpdate

@LisaAutoUpdate

2 months

Chinese auto sales per brand, May 2024 Audi down 14.8% YOY, Buick 40.8%, Cadillac 47.5%

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Michael Dunne

@dunne_insights

3 years

Thank you ⁦ @LucidMotors ⁩ for the opportunity to get behind the wheel of this “Zenith Red” Lucid Air. Now I know why the ⁦ @nytimes ⁩ car reviewer puts it right there, even ahead, of the Mercedes EQS.

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Michael Dunne

@dunne_insights

3 years

China blew past even the most optimistic of EV forecasts for 2021. • Total EV sales jumped 254% to 3.3 million. • BYD, Wuling and Xpeng - record sales in December. • China accounted for > half of all EVs sold globally. Will the frenzied pace continue to '22?

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Michael Dunne

@dunne_insights

6 years

How to say profit machine in German? German Luxury Sales in China 2018 Audi 660,000 Mercedes 652,000 BMW 639,000 Porsche 80,000 Chinese consumers bought more than twice as many German luxury cars as Americans did in 2018.

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Michael Dunne

@dunne_insights

2 years

In a week of driving the Kia EV6 around San Diego, a lot of passersby were impressed with the design. "Good-looking car!" 9 of out of 10, however, could not identify the brand. Several guessed Polestar, Rivian, Volvo -- even some Lucid. Pretty good company for Kia.

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Michael Dunne

@dunne_insights

1 month

“Thailand now has 490,000 unsold EVs, according to the Electric Vehicle Association of Thailand (EVAT), equivalent to 63% of all vehicles the country turned out in the past 12 months.” Thai subsidies for Chinese EV makers wreak havoc

Thai subsidies for Chinese EV makers wreak havoc on auto sector

Massive oversupply forces legacy Thai companies to cut production or close down

asia.nikkei.com

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Michael Dunne

@dunne_insights

2 months

Tremendous conversation with @farzyness and @HansCNelson on the future of Tesla in China. Competition in China is brutal. Tesla and Elon will continue to be welcome as long as they lead in innovation. Less inventive, less agile legacy automakers like GM and Nissan are

Farzad

@farzyness

2 months

Tesla's Biggest Risk Has Arrived. With @HansCNelson & @dunne_insights .

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Michael Dunne

@dunne_insights

4 months

What if every single car is Made in China. Unthinkable, right? Think again. Chinese and global automakers are making China the production center for world markets. The numbers are astonishing. Read the Dunne Insights Newsletter.

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Michael Dunne

@dunne_insights

6 months

Hyundai-Kia Car Sales in China 2016: 1.8 million 2023: 310,000 How to explain such a catastrophic fall? 1. Purely market forces, as buyers switched to EVs. 2. Something more at work here. via @ft

Zombie car factories on the rise in China as buyers opt for EVs

Plants geared to producing internal combustion engines increasingly mothballed as foreign groups lose market share

www.ft.com

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Michael Dunne

@dunne_insights

5 months

Very well done by @Petercampbell1 "...If the Chinese sell an EV that is just as good as a western car, but cheaper, that is one thing. But if they sell a better car that also undercuts the west, it’s impossible to catch up." via @ft

The big worry for carmakers: what if the EV slowdown is not a blip?

Expansion of production is far outstripping demand, raising fears of a misallocation of capital

www.ft.com

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Michael Dunne

@dunne_insights

10 months

Meet the next Waymo autonomous vehicle - on Zeekr wheels. Swedish design ingenuity, Chinese low-cost EV production and Waymo brainpower. Look for them on American roads before you know it. My Swedish & Chinese hosts took me on a convincing walkaround this week @ Monticello.

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Michael Dunne

@dunne_insights

9 months

Toyota Reality Shock. “For the first time, I came face to face with the competitiveness of Chinese components,” Kato said. After seeing equipment and manufacturing processes not used in Japan, Kato thought, “We’re in trouble!”

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Michael Dunne

@dunne_insights

5 years

A giant of a man, Jim Dunne, crossed that great river in the sky last night. I miss him deeply.

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Michael Dunne

@dunne_insights

14 days

In what market can a large carmaker see sales nosedive 55%? In China. SAIC-GM delivered 240,000 vehicles between January and July, down a stunning 55%. More job cuts coming.

GM reportedly cuts jobs in China as sales decline

In the January-July period of this year, SAIC-GM sold 240,579 vehicles, down 55.14 percent from a year earlier.

cnevpost.com

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Michael Dunne

@dunne_insights

16 days

Worth keeping in mind that not every Chinese carmaker is a success. The China car market is extremely competitive. The majority of EV startups lose money. Here is a (partial) list of EV startups that were once flying high and now are under pressure or have capitulated. •

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Michael Dunne

@dunne_insights

5 years

Detroit Three in China - Q3 2019: GM down 17.5% FCA down 24% Ford down 30% Imagine if these sharp rates of decline were happening in the world's largest car market. Wait a sec.....

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Michael Dunne

@dunne_insights

6 years

How many can you name? China's 49 EV Makers & Their Logos Courtesy @WilsonWang .

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Michael Dunne

@dunne_insights

20 days

An important note on China & NEVs. Many will be aware that China has developed its own standard category of vehicles it calls New Energy Vehicles (NEVs). This category includes pure EVs, PHEVs and hydrogen-powered cars. When Chinese talk about EV sales they are generally (not

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Michael Dunne

@dunne_insights

5 years

"If you don’t read the newspaper, you’re uninformed. If you read the newspaper, you’re misinformed." - Mark Twain Alas, what to do?

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Michael Dunne

@dunne_insights

24 days

Japan finds itself way behind in electrics. EV Sales 2023 Tesla + BYD = 3.37 million Nissan + Honda = 159,000 "In 2023, Nissan and Honda sold only 140,000 and 19,000 EVs worldwide, respectively, while Tesla and BYD were far ahead with 1.8 million and 1.57 million,

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Michael Dunne

@dunne_insights

2 months

Lucid Air Grand Touring meets sunrise in Del Mar. Pretty combination.

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Michael Dunne

@dunne_insights

2 months

Chinese carmakers are very fast in development and iteration. Why so much faster than the rest of the world? 1 Simpler, software defined vehicles. 2. Hyper competition at home. 3. Daring entrepreneurs unburdened by legacy. What else?

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Michael Dunne

@dunne_insights

3 years

Meet Linda Zhang. Arrived to America from China in 3rd grade. At 19, she graduated from Michigan with a degree in EE. Now she is Chief Engineer of Ford's most important product, the Ford F-150 / F-150 Lightning. Winning in Asia Podcast

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Michael Dunne

@dunne_insights

1 month

Porsche seems to have lost the wealthy ones in China. "Porsche sales in China tumbled 33 percent to 29,551 units in the first six months of 2024."

Porsche Appoints New China President Amid Sluggish Sales

www.yicaiglobal.com

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Michael Dunne

@dunne_insights

4 years

"Every decision is a prediction." W. Edwards Deming

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Michael Dunne

@dunne_insights

6 months

It's up or out for GM in China The era of global automakers selling mass market brands in the PRC is over. Chinese automakers are eating their lunch. Cadillac is the last line of defense.

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Michael Dunne

@dunne_insights

5 months

CATL now engaging with Ford, Tesla and GM directly on supply in North America. What does this mean for Korean and Japanese battery makers who have poured tens of billions into NA plants since 2020? Yes, CATL brings LFP chemistry, not NMC. But still...

Lei 𝕏ing邢磊

@leixing77

5 months

BREAKING: from LatePost: CATL is discussing possible License Royalty Service with General Motors and building an #LFP plant together in North America.

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Michael Dunne

@dunne_insights

7 months

Detroit's Hour of Battle Is Here. Decent lines in this column, I promise. Worth the squint. Via @AutomotiveNews

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Michael Dunne

@dunne_insights

1 year

When a picture is worth thousands words.

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Michael Dunne

@dunne_insights

6 months

Are we in WWIII but just do not know it yet? Talking about global EV price wars of course. Started & continue in China. Spread to Europe in 2023. Now taking hold in America. Tesla & BYD & few others will survive. Appreciation @herbertong for the conversation

Herbert Ong

@herbertong

6 months

Exclusive interview with Michael Dunne! An auto industry expert who's lived in China for decades, Michael shares 2 TESLA predictions that will stun investors. A price war in the US and an EV underdog who might end up winning it all. @dunne_insights

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Michael Dunne

@dunne_insights

7 months

Tesla will be leading a price war in the US in 2024 just like it did in a China in 2023. This means beaucoup pain for everyone else making EVs.

CNBC's Street Signs

@StreetSignsCNBC

7 months

Ford cuts F150 production on weaker demand, just another signs of a slowing EV market. But Dunne Insight's Michael Dunne says Tesla is still the one EV maker to rule them all. @Dunne_insights @tanvirgill2 @willkoulouris $TSLA $F $GM $STLA

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Michael Dunne

@dunne_insights

1 month

What is the pithy caption for this picture? Ford Sales in China 2016 828K 2018 453K 2020 254K 2022 219K 2024 160K (f) Ford has lost $5.5 billion China since 2020.

Ford Stock Had Worst Day Since 2008. What Everyone Got Wrong About Earnings.

Ford announces a second-quarter operating profit of $2.8 billion, down 26% from $3.8 billion reported in the second quarter of 2023.

www.barrons.com

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Michael Dunne

@dunne_insights

1 year

BYD is now China's No.1 automaker, knocking VW from the perch for the first time in 35 years. Was BYD's billionaire founder raised on a farm? Why did Warren Buffett back him? How soon before BYD cars are running on American roads? Listen to the Driving With Dunne podcast

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Michael Dunne

@dunne_insights

3 months

Big picture update on China's EV market • Larger than all other global markets combined. • Could reach 10 million this year. • EV share of total car sales running at 40% in 2024 • Among top 10 best selling models, Tesla is the only non-Chinese brand.

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Michael Dunne

@dunne_insights

6 months

I have to ask myself why the guy in charge of Mercedes would declare that he wants lower tariffs on Chinese imports into Europe. This is quite an unusual stance. via @ft

Mercedes-Benz boss urges Brussels to cut tariffs on Chinese EVs

Ola Källenius believes increased competition will help Europe’s car industry produce better vehicles

www.ft.com

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Michael Dunne

@dunne_insights

6 months

BYD preparing for higher EU tariffs by building a plant in Hungary. BYD expects to begin producing cars before the end of next year - an incredibly rapid pace for an industry where factories can take four or more years to complete.

BYD rejects EU claims subsidies help reduce price of China-made cars

Executive says success is because of company’s unique technology and management efficiency

www.ft.com

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Michael Dunne

@dunne_insights

2 years

Wealthy Indonesians like to ride in these $80,000 Alphard vans from Toyota. Spacious, quiet and unflashy, the idea is to be comfortable and not draw attention.

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Michael Dunne

@dunne_insights

5 months

A small army of Chinese automakers can already make $25,000 EVs. Why try to compete in that zero profit hellscape? Far better to steer clear of those black holes and focus on the frontier: AI-smart autonomous driving.

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Michael Dunne

@dunne_insights

1 month

EV Leaderboard in China, May 2024. How many of these are not Chinese?

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Michael Dunne

@dunne_insights

3 months

Going for 250 by year’s end. BYD reaches 100 dealer stores in Brazil - CnEVPost

BYD reaches 100 dealer stores in Brazil

BYD plans to increase the number of its dealer stores in Brazil to 250 by the end of 2024.

cnevpost.com

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Michael Dunne

@dunne_insights

7 months

Appreciate the opportunity to join these first class professionals in a conversation about China's coming disruption of global automotive markets. Alexandra @TeslaBoomerMama Larry @TeslaLarry Jeff @thejefflutz Alexander @Alexander_vdVen

Ale𝕏andra Merz 🇺🇲

@TeslaBoomerMama

7 months

Fantastic space with @dunne_insights and @TeslaLarry , @Alexander_vdVen and @thejefflutz Lots of great insights into the Chinese carmakers, also Michael's short list of who to watch other than BYD. Enjoy the replay

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Michael Dunne

@dunne_insights

3 years

Chinese automakers getting on the battery swapping train: NIO Geely SAIC BAIC GAC Most Chinese city folk live in apartments so swapping much more practical than charging. Per @SinoAutoInsight Ford might tap into NIO swap network for the China built Mach E. Interessant!

CnEVPost

@CnEVPost

3 years

Auto giant GAC reportedly studying feasibility of building battery swap stations

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Michael Dunne

@dunne_insights

5 years

China added 157 million cars to its roads in the past ten years. China Car Population 2008: 170M China Car Population 2018: 327M US Car Population 2018: 276M Source: Hedges Co., South China Morning Post

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Michael Dunne

@dunne_insights

17 days

One to watch: China’s Xiaomi. Along with Apple and Samsung, Xiaomi now controls half of the world’s smartphone market. Xiaomi delivered 146 million smart phones in 2023. Now the company markets its pure electric SU7 to the same consumers. Xiaomi received 75,000 orders for

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Michael Dunne

@dunne_insights

6 years

Geely. Hungry. @Geely acquisitions in past year: - Terrafugia, the US flying car company - 51% stake in Lotus - 49.9% stake of PROTON - strategic investments in Saxo Bank of Denmark, in AB Volvo, and... - now largest shareholder in Daimler AG.

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Michael Dunne

@dunne_insights

7 months

Hyundai Sales in China 2017: 1.6 million 2023: 250,000 Hyundai doing well everywhere on the planet except the PRC. What explains the China market calamity? Something happened in 2017…

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Michael Dunne

@dunne_insights

7 months

@ianbremmer What share of this is Chinese goods via Mexico?

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Michael Dunne

@dunne_insights

5 years

A (hidden) cost of more sensors via @reillybrennan Trucks I FoT Newsletter: US car insurance rates climbed 29.6%, to average of $1,548 in 2019 from $1,194 in 2011 via Wired. 'The high cost of repairing sensor-packed vehicles outpaces the savings from fewer crashes.'

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Michael Dunne

@dunne_insights

5 years

China's CATL is the the fastest growing EV battery maker on the planet. CATL Revenues 2014: $133 million 2015: $826 milllion 2016: $2.1 billion 2017: $2.9 billion 2018: $4.3 billion Source: Wall Street Journal Question of the Day: Quantity achieved. What about quality?

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Michael Dunne

@dunne_insights

3 months

In Q1 2024, China exported 1.3 million vehicles. Of total, 76% were gasoline powered. China tracking to export 6M in 2024, more than the total size of Japan’s car market. Major market gains in: Mexico, Brazil, Thailand, Russia, Chile, Australia, Israel and Spain.

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Michael Dunne

@dunne_insights

3 months

BYD now tilting PHEV > BEV May 2024 sales: PHEV: 184K BEV: 146K Exports increasing sharply May 2024: 37K May 2023: 11K

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Michael Dunne

@dunne_insights

7 months

China's battery and car makers have united as part of a government-led drive to commercialize all solid-state batteries. via @NikkeiAsia

CATL, BYD, others unite in China for solid-state battery breakthrough

Beijing forms national alliance in all-out effort to revolutionize the EV market

asia.nikkei.com

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Michael Dunne

@dunne_insights

24 days

U.S. Sec of Treasury to rest of world in 1971: “it’s our currency but it’s your problem.” Chinese leaders to rest of world in 2024: “it’s our EV car market but it’s your problem.” When the world’s largest car market converts to EVs at speed, it’s a giant global earthquake with

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Michael Dunne

@dunne_insights

4 months

Global car brands - fading fast in China. “We have to change our ways to compete with companies like BYD,” - Nissan’s CEO Uchida.

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Michael Dunne

@dunne_insights

2 months

Perimeter strategy: BYD plants in Turkey, Hungary. Spain next?

Kevin Xu

@kevinsxu

2 months

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Michael Dunne

@dunne_insights

4 months

Chinese automaker footholds in Europe • MG and Chery in Spain (new Chery plant coming) • MG and BYD in the UK (possible MG plant coming) • Volvo, Polestar in Sweden • BYD in Hungary (new plant coming) • NIO, Xpeng still searching for traction in EU.

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Michael Dunne

@dunne_insights

3 years

China's Big 3 Billionaire EV Founders & Their Respective Areas of Insane Focus William Li / NIO: Customers. He Xiapeng / Xpeng: Technology. Li Xiang / Li Auto: Product. Which one will win out? Or will these three buddies one day merge?

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Michael Dunne

@dunne_insights

29 days

The world has never seen so much automotive firepower concentrated in one country. No. 1. In production No. 1 in sales No. 1 in exports No.1 in electrics No. 1 in batteries No. 1 in processing critical minerals No. 1 in low cost production No. 1 in State support

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Michael Dunne

@dunne_insights

6 years

Peugeot Sales in China: A scary trend line. 2015: 403,000 2016: 306,000 2017: 248,000 2018: 139,000 Source: China Association of Automotive Manufacturers Chinese brands like Geely, GAC and Great Wall mopping up. Attention other middle market global brands.

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Michael Dunne

@dunne_insights

26 days

Tesla, BMW, Mercedes, Audi, Toyota still holding their own - or declining less rapidly. For now.

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Michael Dunne

@dunne_insights

3 years

Founder and CEO Henrik Fisker joins the Winning in Asia podcast this week. You do not want to miss this episode - June 30 2021 - Maserati / Z8 / Vantage - A Fisker Popemobile? - The Fisker Ocean SUV We also ask what inspires Henrik to build his brand new EV company.

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Michael Dunne

@dunne_insights

3 months

When it comes to the future survival, Detroit needs 2 things: 1. Tariffs to buy time. Check. 2. Hell bent determination to win in global markets - shifting from retreat to attack. Detroit has been in retreat mode for too long. Time to shake it up.

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Michael Dunne

@dunne_insights

3 months

At the Mackinac Policy Conference this week, business & political leaders gathered to make big decisions about Michigan's future. One key topic: the threat of Chinese car imports and Biden's 100% tariffs. A few observations: Many people in Michigan are just beginning 1/7

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Michael Dunne

@dunne_insights

2 years

China Sales YTD 2022 *ICE Down, EVs Up* Total Market: +1% VW -2% Honda -11% Ford -13% GM -19% Nissan -20% Zeekr: +22% NIO: +32% Tesla +41% BYD: +132% Sources: CPCA, CNEV Post, Clean Technica, ZoZoGo

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Michael Dunne

@dunne_insights

2 years

China November EV sales get close to America's total for all of 2022. Penetration rate: 33%. Stunning. It's a Chinese brands plus Tesla show. via @CnEVPost

China NEV sales at 786,000 units in Nov, a new record, CAAM data show

China's NEV penetration rate was 33.8 percent in November, a new all-time record, the CAAM data show.

cnevpost.com

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Michael Dunne

@dunne_insights

2 months

Chinese battery makers seek US access via Morocco. "The largest is Chinese-German battery-maker Gotion High-Tech, which signed a deal with Morocco last year for $6.4 billion investment to construct Africa’s first electric vehicle battery factory."

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

Investment in electric vehicle manufacturing is booming in Morocco, a country that neighbors Europe and enjoys a free trade agreement with the United States.

apnews.com

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Michael Dunne

@dunne_insights

11 days

BYD accelerates overseas manufacturing offensive. Thailand 🇹🇭 Brazil 🇧🇷 Hungary 🇭🇺 Turkey 🇹🇷 Uzbekistan 🇺🇿 Pakistan (tbc) Mexico (tbc) Indonesia (tbc) California & Canada (bus plants since 2010s) via @CnEVPost

BYD plans to build EV plant in Pakistan, report says

BYD will reveal three models it plans to sell in Pakistan at a brand launch on Saturday. Its EV plant in Karachi will be completed in the first half of 2026, according to Bloomberg.

cnevpost.com

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Michael Dunne

@dunne_insights

6 months

Worth noting: Giant parts makers like Bosch, Lear, Denso, Magna, Valeo, Michelin etc were brought to China by global OEMs since 2000s. Massive plants nationwide. Now they are pivoting to supply Chinese brands, helping them achieve world class quality in record time.

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Michael Dunne

@dunne_insights

5 months

Indonesia is the king of nickel, a key material for electric vehicle batteries. Chinese investors control most of the mines. Western companies are trying to muscle in.

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Michael Dunne

@dunne_insights

5 years

World's 8 Largest EV Battery Makers (2019) North Asian domination. 1. CATL (China) 2. Panasonic (Japan) 3. BYD (China) 4. LG Chem (Korea) 5. Envision (China) 6. Samsung SDI (Korea) 7. Guoxuan (China) 8. Li-Shen (Tianjin) Source: Nikkei Asian Review

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Michael Dunne

@dunne_insights

3 years

Serving up Big Macs to the car @ the Tesla charging station in balmy Firebaugh.

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Michael Dunne

@dunne_insights

5 months

Next time you hear about GM sales in China, look closer Cadillac, Buick & Chevy account for only 35% of deliveries in Q1 2024. The balance comes from SGMW, a 3-way Chinese controlled JV Total: 441K Buick Chevy Cadillac: 155K SGMW: 286K

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Michael Dunne

@dunne_insights

4 years

Market Valuations (December 2, 2020): Tesla: $555 billion Daimler: $74 billion NIO: $62 billion Xpeng: $39 billion Ford: $36 billion Li Auto: $29 billion Nissan: $21 billion (Sources: NYSE and Nasdaq)

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Michael Dunne

@dunne_insights

1 year

China autos (frightening) tech leadership. “I am not ... afraid of the price, I’m much more afraid of the tech they bring, whether they are somewhere ahead of us that is unreachable. That would be frightening.” Thomas Ingenlath, CEO, Polestar

‘We have to fight’: Europe’s carmakers dig in against China’s EV incursion

Big names accept the need to sharpen their competitive edge as overseas rivals swamp the Munich motor show

www.ft.com

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Michael Dunne

@dunne_insights

5 years

Shenzhen has 58,000 ride-hailing vehicles in circulation. All new ones will soon be electric.

Shenzhen to Make All New Ride-Hailing Vehicles Fully Electric

www.caixinglobal.com

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Michael Dunne

@dunne_insights

2 months

This was not expected, so deserves a reality check: 1. For gov't agencies in Jiangsu province only – Tesla's home / backyard in China 2. More significant if Tesla qualifies in other cities & provinces 3. Making list does not guarantee sales

Tesla cars put on local Chinese government’s purchase list for first time

Announcement comes as Elon Musk’s group faces increasing competition in world’s largest car market

www.ft.com

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Michael Dunne

@dunne_insights

7 months

Exactly what we began talking about yesterday. We are in the early innings of a massive Chinese export push into car markets worldwide. How will the West respond? @TeslaBoomerMama @TeslaLarry @Jeff @thejefflutz @Alexander_vdVen

Michael Dunne

@dunne_insights

7 months

Going to be the biggest disruption story in 2024 & beyond. Watch out Western automakers. “China spent 20 years destroying emerging-market competitors in manufacturing. Now it’s threatening to do the same to advanced economies’ manufacturers.” via @ft

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Michael Dunne

@dunne_insights

3 years

Everybody remember that ride-hailing powerhouse called Didi? Now down 70%.

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Michael Dunne

@dunne_insights

5 months

How many Detroits in China? Enough to build 10 million units in excess capacity. Capacity: 40 million Demand: 25 million Exports (2023): 5 million Excess: 10 million. 10 million equals total annual US production.

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Michael Dunne

@dunne_insights

5 years

Top 7 Chinese New EV Brands to Watch: NIO WM ("Weltmeister") BYTON Seres (Formerly SF Motors) Xpeng (Alibaba backing) Polestar (Volvo) Geometry (Geely) Then there are scores of dark horses: Leap, Bordrin, Singulato, CHJ, Yudo, Hozon, DearCC, EVChairman, GreatHelmsman etc.

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Michael Dunne

@dunne_insights

2 months

Chinese brands will win 1/3 of the global car market by 2030, says Alix Partners. One in three. China already has capacity to supply half global demand for vehicles. The Great China Freight Train gathers speed.

Chinese automakers expected to achieve 33% global market share by 2030

Chinese automakers are expected to continue rapidly expanding outside of China to achieve 33% of the global automotive market share by 2030.

www.cnbc.com

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Michael Dunne

@dunne_insights

1 year

Is Volvo a Chinese car company? This question seems to ignite strong emotions. The brand and design and delightful l mini flags on the seats are clearly Swedish. But the owner of Volvo Cars has been Chinese for more than a decade.

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Michael Dunne

@dunne_insights

1 month

“Chinese competitors are very strong, and I’m very scared of their implementation and execution speed,” said Mizuno, chief executive of Sony Honda Mobility. Mizuno knows things. He led Honda’s China operations until 2020. via @ft

Japanese carmakers ‘very scared’ by China’s rapid EV development

Chief of Sony-Honda’s joint venture says Japan needs to shake up its conservative corporate culture

www.ft.com

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